National Multifamily Report – May 2026
Annual growth turns positive following two consecutive monthly improvements, according to Yardi Matrix. Average advertised asking rents across the U.S. multifamily sector rose for two months in a row, though yearly growth remained tepid at just 0.2 percent in May, according to Yardi Matrix’s latest survey of 140 markets. The figure clocked in at $1,767 in May, $6 above the April reading. The single-family build-to-rent sector continued improving its pricing power, with…»
Multifamily at Midyear: Stabilizing Supply, Sharpening Strategy
The multifamily industry entered 2026 bracing for another difficult leasing environment shaped by elevated deliveries, aggressive concessions, and questions about whether renter demand could keep pace with new supply. Midway through the year, operators say the pressure remains real in many markets, but the conversation has shifted from reacting to the supply wave to managing through it. Nationally, apartment fundamentals remain relatively healthy, even as oversupplied markets…»
More cranes, construction, condos coming to North Scottsdale
Get ready for even more cranes, construction and citizens, North Scottsdale. Axon recently announced it will start construction soon on a mammoth residential-commercial project at Hayden Road off the Loop 101. Meanwhile and nearby, a rather complicated request boils down to more condos. Prominent Scottsdale zoning attorney John Berry described One Scottsdale’s request as an extraordinary opportunity for the city. “This is a zoning unicorn,” Berry declared. As he likely…»
Jake’s Unlimited finds new life under its new local owner
JP Mullan is on a mission. Three months after acquiring the 87,000-square-foot Jake’s Unlimited in Mesa, he has reimagined the family entertainment center. To start, he replaced broken lights, overhauled the menu, reworked staffing models and spent more time at work than he has at home. “This is more than an acquisition — it’s an opportunity to build something that Arizona families can truly call their own,” he said. Mullan, a fourth‑generation Phoenician with more than 20 years in the…»
Machine Investment Group Buys 1.3M SF Industrial Park In Southeast Valley
Real estate investment platform Machine Investment Group has acquired a 10-building industrial park in Phoenix’s Southeast Valley submarket, the company announced. The industrial park, named The Hub @ 202, spans more than 1.27M SF across buildings ranging from 65K SF to 270K SF, according to a Monday press release. MIG acquired the park in a joint venture partnership with Miramar Capital and Axonic Capital. MIG declined Bisnow’s request to disclose financial details of…»